September 8, 2020 Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3) informs its shareholders and the market in general that, on the present date, its shares were included into the portfolio of Bovespa Index (“Ibovespa” or “IBOV”), principal index of B3, composed of shares with the highest traded volume in the past 12 months. PetroRio’s... Continue Reading →
PGS Completes Seismic Survey Offshore Angola. Fast-Track Data in Q4
Norwegian seismic data acquisition firm PGS has completed a large seismic survey offshore Angola using the 2008-built Ramform Sovereign vessel. The 2020 PGS Namibe Basin survey connects the 3D seismic coverage of southern Angola with PGS seismic data library coverage in Namibia, completing a large MultiClient footprint of high-quality broadband seismic data that spans the... Continue Reading →
Brazil economy outshines Mexico after surprise role reversal
The divergence between Latin America’s two largest economies, Brazil and Mexico, is widening as the region’s most prominent left- and right-wing leaders adopt stridently different fiscal responses to the COVID-19 pandemic. Their approaches, however, are not what would be expected - and investors are adapting accordingly. Continue reading
Exclusive: Exxon downsizes global empire as Wall Street worries about dividend
Ill-timed bets on rising demand have Exxon Mobil Corp facing a shortfall of about $48 billion through 2021, according to a Reuters tally and Wall Street estimates, a situation that will require the top U.S. oil company to make deep cuts to its staff and projects. Wall Street investors are even starting to worry about... Continue Reading →
Brazil 100% committed to road from Boa Vista-Georgetown, says Guyana is ‘Dubai’ of the region
Guyana’s neighbour Brazil, recognising that the new oil-producing country is poised for major transformational development in coming years, has committed once again to working with authorities here on major road, port and energy projects. During a virtual briefing with Roraima Senator Chico Rodrigues on Tuesday, Brazil’s Minister of Economy Paulo Guedes said the country wants... Continue Reading →
Offshore wind energy project in Rio Grande do Norte in Brazil
The proposal aims to implement an offshore wind farm in Rio Grande do Norte, with an area of 300 km², 52 wind turbines with 12 MW of installed power, in addition to two electrical substations The construction wind power project of an offshore wind farm in Rio Grande do Norte is getting closer and closer... Continue Reading →
Yinson Orders TMC Compressors for Anna Nery FPSO
Malaysian FPSO provider Yinson has ordered a large marine compressed air system from TMC for the FPSO Anna Nery, which currently under construction in China, and destined for Petrobras' Marlim revitalization project in Brazil. TMC's compressed air system will consist of four large capacity service and instrument air compressors with associated air dryers and filters. TMC... Continue Reading →
Europe Could Invest $35B in CCS by 2035, Rystad Says
After years of expensive carbon capture and storage (CCS) studies and test centers, Europe has now reached a phase where large-scale CCS developments make sense financially, Norwegian energy market intelligence group Rystad Energy has said. In a report on Monday, Rystad said that CCS in Europe could trigger up to $35 billion in development spending... Continue Reading →
Brazil: Total Gives Up on Foz do Amazonas Offshore Blocks
French oil major Total has given up operatorship over five exploration blocks located in the Foz do Amazonas Basin, offshore Brazil. "Total announces that it has notified its partners on August 19 about its resignation from its role of operator for five exploration blocks, located in the Foz do Amazonas Basin, 120 kilometers offshore Brazil,"... Continue Reading →
Petrobras concludes test in Jupiter area
September 4, 2020 Petróleo Brasileiro S.A. – Petrobras informs the conclusion of the Drill Stem Test (DST) in the area of Júpiter Discovery Assessment Plan, located in the Santos Basin presalt. The Jupiter area belongs to the BM-S-24 concession, in which Petrobras is the operator, with an 80% interest, and was acquired in 2001 in... Continue Reading →
